The legislation will also help those unfairly punished for a marijuana-related activity that would now be legal.
A new bill is expected to include a 13% sales tax with an excise tax of up to 3 cents per milligram of THC content.
Lawmakers are to vote on the bill early this week after months of talks between the Senate, Assembly and Gov. Andrew Cuomo’s office.
The governor’s office estimates that a legal cannabis program could pull in about $350 million a year once fully implemented.
If he stays in office or leaves, an important question for those in the cannabis industry is: what will happen to the latest effort to legalize weed in New York?
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